A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 5, 2021. Andrew Kelly | Reuters Stock futures inched higher in overnight trading after the market rebounded Tuesday from a tech-led sell-off the day prior. Futures on the Dow Jones Industrial Average gained 55
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An annual list of the world’s 50 best restaurants is back — and for the first time, one city dominated the top two spots. Two restaurants in Copenhagen, Denmark — Noma and Geranium — ranked No. 1 and No. 2 respectively, at “The World’s 50 Best Restaurants” awards ceremony held Tuesday in Antwerp, Belgium. This
U.S. Bancorp George Frey | Bloomberg | Getty Images The race to cater to institutional investors who want to wager on cryptocurrency is heating up. U.S. Bank, the fifth biggest retail bank in the nation, is expected to announce Tuesday that its cryptocurrency custody service is available to fund managers, CNBC has learned. The offering
In this article UAL AAL LUV DAL A patient receives a Covid-19 vaccine booster shot at a Pfizer-BioNTech vaccination clinic in Southfield, Michigan, on Sept. 29, 2021. Emily Elconin | Reuters Some people are still holding off getting vaccinated against Covid-19, even as mandates increase for the immunization. Those who aren’t yet vaccinated have been
As a former start-up investor and the co-founder and CEO of $1 billion autos marketplace Carro, Aaron Tan knows a thing or two about running a business. But if he had one piece of advice for other would-be entrepreneurs, it would be this: don’t go it alone. “I don’t know whether I am qualified enough
In this article .VIX An unprecedented trend appears to be underway between the booming energy sector and the turbulent stock market. Over the past ten trading days, the Bespoke Investment Group’s Paul Hickey finds energy has never performed this well while the S&P 500 is trading lower. “The energy sector is up close to 17%
SAN JOSE, CALIF. — A former lab director at Theranos testified on Tuesday he quit the company for one simple reason: The blood-testing technology just didn’t work. Adam Rosendorff, a key witness for the government, took the stand for the fifth day in the criminal fraud trial of ex-CEO Elizabeth Holmes. “There was tremendous pressure
David McDonough, founder and CEO of Commonstock Commonstock A new social network is betting that enthusiastic retail traders are here to stay and that they want more transparency than what’s offered on Reddit. Commonstock is a social media platform for talking about trades and financial markets. It features a Twitter-like news feed, with users ranking
Workers with Patriot Environmental Services mop up oil on the surface of the water at Talbert Marsh in Huntington Beach, CA on Monday, October 4, 2021. Paul Bersebach | MediaNews Group | Getty Images A massive oil spill off the coast of southern California this past weekend has clean-up crews racing to prevent an ecological
A recent Tax Foundation analysis considered how various proposals from the Biden administration, from Congress, and from the Organisation for Economic Co-operation and Development would affect the effective tax rates (ETRs) on the foreign profits of U.S. multinationals. That analysis focused on how each policy and proposal would affect the overall ETRs. But which industries
TLSA and HIBB are names to add to your aggressive growth stock radar screen.
RT: Maria Van Kerkhove, Head a.i. Emerging Diseases and Zoonosis at the World Health Organization (WHO), speaks during a news conference on the situation of the coronavirus at the United Nations in Geneva, Switzerland, January 29, 2020. Denis Balibouse | Reuters Merck’s announcement that its experimental antiviral pill is effective against the most severe outcomes
In this article PEP Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | Getty Images PepsiCo on Tuesday raised its full-year forecast after its quarterly earnings and revenue topped analysts’ expectations, despite higher costs and snarls in the supply chain. Shares of the company fell less than 1% in premarket
In this article SWX NKE NFLX Seen through a store window, a Nike employee stands in the entryway of the Nike SoHo store in New York City. Drew Angerer | Getty Images Check out the companies making headlines in midday trading. Facebook, Amazon, Apple – Shares of major technology companies led Tuesday’s market rebound. Facebook shares rose
Billionaire Ray Dalio believes in an old saying: “When the student is ready, the teacher will appear.“ That may explain how Dalio, a hedge fund tycoon with a net worth of $20 billion, according to Forbes, became a mentor to entrepreneur and music mogul Sean “Diddy” Combs. The two met during a photoshoot for Forbes
In this article SWX Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn on Tuesday announced a sizeable stake in Southwest Gas, and the activist investor is pushing the Las Vegas-based utility company to drop its rumored acquisition of natural gas company Questar Pipeline.
Vitalii Petrushenko | iStock | Getty Images Big changes are coming to the federal government’s public service loan forgiveness program. The loan forgiveness program is “an important, but largely unmet” promise to people who serve their communities, White House Press Secretary Jen Psaki said this week. “Fixing this program has been a priority for this
Even in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal Reserve Bank of Atlanta. A median-income household would need to spend 32.6% of its yearly income on a median-priced home, the Atlanta Fed reported. And the median existing home
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Police officers wearing protective masks talk to motorists at a checkpoint in the Bombay area of Auckland, New Zealand, on Wednesday, Aug. 12, 2020. Bloomberg | Bloomberg | Getty Images LONDON — New Zealand has become the latest country to abandon a zero Covid strategy, with the virus proving much harder to stop now the